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Global Ethylene Market Major Trends, Leading Players, Technological Innovations & Key Developments

Global Ethylene Market

Ethylene is colorless gas usually have a sweet and unpleasant smell and taste. It is derived from natural gas and petroleum and is widely used to heal aging process in plants. Ethylene is mainly used for polymerization, oxidation, alkylation, halogenations, hydration, and hydrohalogenation and others. Ethylene does not dissolve in water, but mixes well with most organic solvents.

Market Drivers

The increase in demand for ethylene oxide for the manufacturing of plastics expected to boost the global ethylene market growth during this forecast period. Furthermore, the growing production of shale gas is increasing ethane production will positively influence the market growth. Also, low production cost of the gas will drive the growth of the global ethylene market. Moreover, the rise in demand for ethylene from various end users will support the market growth. Polyethylene is commonly used in manufacturing car bodies, wiring & cables, electrical insulation, fuel tanks, and others which anticipated to drive the demand for ethylene in the market  during this forecast timeline.

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Market Restraints

Fluctuation in the price of raw material is major restraint which expected to hamper the global ethylene market growth over the forecast period. Also, strict government rules and regulations related to the use of ethylene may affect the market growth.

Market Key Players

Various key players are discussed in this report such as  SABIC, NOVA Chemicals Corporation, Mitsubishi Chemical Corporation, Sasol, Westlake Chemical Corporation, BASF SE, Repsol, China National Petroleum Corporation , LyondellBasell Industries Holdings B.V., Chevron Phillips Chemical Company,  China Petroleum & Chemical Corporation, Dow, Exxon Mobil Corporation, etc.

 

Market Taxonomy

By Feedstock

  • Ethane
  • Naphtha
  • Propane
  • Butane
  • Others

 

By Application

  • Polyethylene
  • Ethylene Dichloride
  • Ethyl Benzene
  • Ethylene Oxide
  • Others

 

By End user

  • Building & Construction
  • Automotive
  • Textiles
  • Packaging
  • Agrochemicals

 

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Read Related Report : 1 . https://www.mccourier.com/global-stretchable-conductive-materials-market-forecast-application-regional-analysis-growth-rate-industry-share/

2 . https://www.mccourier.com/global-vinyl-acetate-ethylene-vae-copolymer-market-top-leading-player-emerging-trends-region-by-forecast-to-2027/

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